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"It is our hope that through the foundation we will be able to share with others the unimaginable love Lane etched in our hearts," the family said.

The Graveses said they're focusing solely on the future health of their family and won't sue Disney.

Authorities said Lane Graves was wading in the water of the Seven Seas Lagoon with his father outside the Grand Floridian Resort on June 14, when an alligator attacked the toddler and pulled him into the water.

The boy's body was found the next day.

A family spokeswoman, Sara Brady, says she couldn't say whether a financial settlement had been reached with Disney World.

Disney World president George Kalogridis said in a statement the company continues to provide support for the family. He did not elaborate.

The family's full statement:

“Melissa and I are broken. We will forever struggle to comprehend why this happened to our sweet baby, Lane. As each day passes, the pain gets worse, but we truly appreciate the outpouring of sympathy and warm sentiments we have received from around the world. We know that we can never have Lane back, and therefore, we intend to keep his spirit alive through the Lane Thomas Foundation. It is our hope that through the foundation we will be able to share with others the unimaginable love Lane etched in our hearts. In addition to the foundation, we will solely be focused on the future health of our family and will not be pursuing a lawsuit against Disney. For now, we continue to ask for privacy as we focus on our family.”